Doc:
I hear what you say. However, changes in the laws and state venues, the SEC, the truth, etc., unfortunately, matter very little. The money at stake is overwhelming if we are to believe LGs statements to that effect. In this, I believe he is correct. There are billions at stake. A new disease curing paradigm could fundamentally upset the prevailing med/pharma economic structure. The powers that be have too much to lose.
Let's assume you are correct. The complex and convoluted stratagems and collusive networks are exposed. NWBO has a smoking gun case. Do you think that upon bringing a complaint against these players this will result in a quick court judgement as a matter of fact and law? I believe you would be naive to think so. As I said, these forces will fight tooth and nail to preserve their system of greed and will throw whatever resources they need in order to maintain the status quo.
Doc, it ain't about winning any case. The malevolent forces win through strategic litigation. The name of the game is delay, delay and more delay. Wearing the opposition down, draining their assets, posing bogus counterclaims further complicating matters and appealing at every turn. And...diverting attention from the real business at hand to a lengthy and hard fought lawsuit. These HFs, etc. can employ the cream of the cream of legal teams that are adept at strategic litigation and in engineering interminable delays. And.....where is NWBO going to get the money for all this? Do you really believe that a top law firm will take such a case on the come for a percentage of an award which may come after a decade of litigation, if at all? Do you really believe they will take such a case upon a pro bono basis? It is, of course, possible but highly improbable.
OK, so maybe going the private route won't really work. Maybe it is better to get a government agency involved or the US Attorneys Office for the SDNY. It's a longshot for the reasons I have already mentioned. But let's assume that somehow NWBO can pull it off. You are still stuck because the same strategic litigation will be employed against these plaintiffs resulting in? You guessed it: interminable delays and appeals. Such cases are not concluded quickly. They take years if not decades no matter who brings the case and where. State or Federal Court, it doesn't matter. Neither does the law. These defendants will use procedures in the judicial structure itself in order to accomplish their strategic litigation objectives. In these circumstances, you are fighting a powerful, broad and entangled network reaching into many levels of government and even into the judiciary, not to mention the pillar institutions of the market place. Do you think all of this will be resolved in the blink of an eye? I think even you would admit that the chances are nil and nada.
The threat of a lawsuit against these forces won't dissuade them at all. In fact, it will probably embolden them much like teasing a cobra. And we have not even started. We have only discussed the legal aspect.
It is reasonable to assume that criminal elements are a part of all this. They can get to anybody. Look what happened to the teflon Don. They bought off jurors. Yes, indeed, they finally got him, through a stoolie, "Sammy the Bull", but only after years of trying. Time is not on the side of NWBO. Nor are resources for all this. How do you fight "little envelopes" enough to pay off mortgages and expensive college educations. Not everyone is virginally virtuous.
Politics and "people in high places" can lean on government agencies and US Attorneys "suggesting" that it is impolitic to take on such cases or blunt their energy through diversion of resources if such cases even see the light of day.
The problem with all this are the time and resources required in such a legal undertaking. I think that LG finally realised that his planned PR statements about a case were premature and not well thought out by finally admitting that the timing was not right for now. As I said, it makes no sense to telegraph even the possibility of bringing such a case. Do you think that would scare these powerful forces off? Do you think they are cowed by Cofer Black being on the NWBO BOD?
Finally, yes, I am aware of the Cenkos, Wolf, NW, etc situations. So what? Did all that stop the rampant manipulation? Here is a company on the brink of announcing top line, or so it would seem, with promising blended results as per the JTM and SNO update. So where is the share price? One also has to question whether this is all due to malevolent forces rather than NWBO management shooting itself in the foot through misguided strategies.
Bottom line: litigation won't help NWBO whether brought by it or a governmental institution. Rather, it may engender more harm than advantage.
What will help? Stellar results with top line announced within a reasonable timeframe. If not at ASCO, then sometime during the summer. In order to support the share price, some new significant info should be announced at Industry Theatre wrt DC VAX L. That should be the focus and is really all the market cares about at this point. JMHO.
AI
